VC-backed Square acquires Kili Technology
U.S. mobile payments company Square has acquired Kili Technology, a Canadian provider of payment processing, security access control and authentication solutions. The transaction's value was not disclosed. Square, which opened an office in Kitchener-Waterloo, Ontario in 2014, said Kili will continue to operate from its office in Toronto. Based in San Francisco, Square is led by CEO Jack Dorsey, co-founder of Twitter. The company has raised a significant amount of venture capital since its founding in 2009. Its backers include Citi Ventures, GGV Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Sapphire Ventures and Sequoia Capital.
11 March 2015•2 mins read
